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In a written statement to the House Ways and Means Committee, U.S. Trade Representative Lighthizer said it was too early to  predict the outcome of the U.S. – China trade talks.

Key quotes (via Reuters)

  • Any new agreement with China must be enforceable.
  • More China purchases are ‘not enough for a deal’.
  • New rules wanted on China IP, technology transfer.
  • An agreement might be able to turn the corner on the U.S.-China trade relationship.
  • Much still needs to be done to reach agreement with China.